Here’s Why Peloton Is Much More Than a COVID Play

By Brian Feroldi, MotleyFool on August 5, 2021

Key Points

  • Many investors wonder if the waning pandemic could cause business to slump at Peloton.
  • These two investors thought the same thing.
  • A decade from now, the iconic bikes could be a small part of the company as a whole.
When Peloton (NASDAQ:PTON) announced it was going public, two Motley Fool contributors rolled their eyes. “Who would want to invest in a company whose stationary bike costs thousands of dollars,” they wondered. “A bike like that is surely a one-off purchase, right? So the market won’t be very large.”
Well, their tune has changed…significantly. In this video from their YouTube Channel, recorded on June 21, those skeptics — Brian Stoffel and Brian Feroldi — talk about what changed their mind. In fact, Stoffel was so taken by the optionality in the business that he put his own money behind the growth stock. Find out why below.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

COMPANIES THAT TRUST citybiz